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Jenna would like to purchase a new car in three years. If she saves $1,700 per year in an account that pays 8% annual
Jenna would like to purchase a new car in three years. If she saves $1,700 per year in an account that pays 8% annual interest for the next 3 years, how much will she have saved for a down payment? (Round the final answer to the nearest dollar.) Values for i=8%, n = 3 Present value of an ordinary annuity of $1 Present value of $1: Future value of an ordinary annuity of $1 Future value of $1: OA. $5,518 B. $6,081 OC. $6,412 OD. $4,381 2.577 .772 3.246 1.260 B
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